This Lolo is a Lulu. Stefanowski company appears to be registered in Saudi Arabia. Republican says he cannot discuss.
Republican nominee for governor Bob Stefanowski appears to have a one-person company registered to operate in the Kingdom of Saudi Arabia, as records indicate it is, Daily Ructions can report. Stefanowski says contracts preclude him from discussing his clients.
Stefanowski has a Connecticut entity registered as Lolo Consulting, LLC, with the Secretary of the State. The other Lolo is a ”one-person foreign entity” registered in the Kingdom of Saudi Arabia and described as “providing senior management consulting services,” according to a commercial registration filed in Riyadh, the Saudi capital.
Reached by phone Monday night, Stefanowski, who has loaned his campaign $10 million, refused to say if he does or does not do business in Saudi Arabia. The Madison Republican said he enters into non-disclosure agreements with clients as to their names and locations. If the former payday lender executive has not been doing business in Saudi Arabia ”providing senior management consulting services” there would be no non-disclosure provisions in contracts that do not exist. There is no penalty for denying a contract you do not have.
Stefanowski disclosed in an early September summary earning $36.8 million in 2019, 2020 and 2021. Stefanowski on Monday accused his Democratic opponent in their rematch this year, Governor Ned Lamont, of filing his income tax return separately from Ann Huntress Lamont, the governor’s highflying venture capitalist spouse.
Saudi Arabia has been widely condemned for its brutal and continuing human rights abuses, including the execution of 81 people in one day in March. Stefanowski is unlikely to have mentioned human rights abuses in Saudi Arabia.
The Lolo registration to conduct business in Saudi Arabia was filed in February 2020 and expires in June 2023.
Stefanowski and Lamont on Tuesday will have the first of just two general election debates. it will be streamed live on NBC Connecticut at 12:30 p.m. and broadcast at 7 p.m.
Published September 26, 2022.